ASIC Media Releases

The Federal Court ordered Bit Trade Pty Ltd, operator of Kraken in Australia, to pay $8 million for offering a margin product without a target market determinat

ASIC has outlined key scrutiny areas for December 2024 financial reports, including asset values, provisions, and new lodgement requirements for large proprieta

A Melbourne jury acquitted former Vocus Group chair Vaughan Bowen on two counts of insider trading following a nearly five-week trial in December 2024.

The Companies Auditors Disciplinary Board has suspended Greensill Group lead auditor Joseph Santangelo from practising until 1 June 2026.

ASIC cancelled the AFS licence of Macgill Financial Services Pty Ltd (licence 416722) on 29 November 2024 after the company ceased its financial services busine

Former liquidator Peter Amos was sentenced to four years in prison on 13 December 2024 for stealing nearly $3 million from five companies he administered.

Benjamin Thomas Molloy was convicted in Melbourne Magistrates' Court on 13 December 2024 for making false statements to ASIC under the Corporations Act 2001.

ASIC has filed Federal Court proceedings against Binance Australia Derivatives over misclassification of 505 retail clients, denying them key consumer protectio

ASIC has filed Federal Court proceedings against Swoosh Finance alleging responsible lending failures and design and distribution obligation breaches on car-sec

ASIC suspended then cancelled the AFS licence of crowd-funding platform Equitise Pty Ltd after it entered voluntary administration in October 2024.

The Federal Court found three CFD trading companies engaged in systemic unconscionable conduct between 2018 and 2020, with customer losses totalling over $83 mi

Vittorio Letizia, a Perth accountant, appeared in court on 20 December 2024 charged with five counts of insider trading in Genesis Minerals shares.

Sanlam Private Wealth has admitted to failing to properly oversee authorised representatives under its AFS licence. ASIC has accepted a court enforceable undert

ASIC has disqualified Perth property developer Allen Bruce Caratti from managing corporations for four years after finding serious governance failures.

ASIC is consulting on extending eight regulatory instruments due to expire in 2027. Submissions close at 5pm AEST on 8 September 2026.

A liquidator disciplinary committee has publicly reprimanded registered liquidator Simon John Thorn over his appointment as administrator of Premier Energy Reso

ASIC reported 150 administrative enforcement outcomes in 2025-26, including banning 87 from financial services and disqualifying 36 directors.

ASIC has suspended the AFS licence of Central Accord Pty Ltd (licence 226405) for 6 months from 30 July 2026 until 4 February 2027.

NSW director Usman Siddiqui sentenced to 6 years 6 months jail for transferring $1.75m from company funds under the Corporations Act 2001.

Tim Xenos, former CEO of FAL Healthy Beverages, was resentenced on 5 August 2026 to 6 months imprisonment as an intensive corrections order plus 80 hours commun